Page 121 - Commodity News

Oil prices headed for 3% weekly fall on emergency stocks release

Oil prices inched up on Friday but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russia

Gold trading at Rs 52,140 per 10 gm today; silver selling at Rs 66,200 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Gold steady as inflation, Ukraine worries counter US rate hike bets

Gold prices held steady after Wednesday's release of the minutes of the Federal Reserve meeting in March, as the metal's appeal as a safe haven

Some Indian refiners set to cut May Saudi oil, snap up Russian barrels

State oil producer Saudi Aramco, the world's top oil exporter, has raised crude prices for all regions, with those to Asia hitting all-time highs

CNG prices in Delhi, Mumbai, and Gujarat see steep hike

In the national capital, Indraprastha Gas Ltd (IGL) raised CNG price by another Rs 2.5 per kg, taking the total increase in rates in the last one month to about Rs 10 per kg

Gold rebounds from one-week low over Russia sanction fears

Rising U.S. interest rates and higher yields increase the opportunity cost of holding non-yielding bullion, which is also used as a hedge against rising inflation

Oil futures rise as new Russia sanctions outweigh demand worries

Proposed EU sanctions, which the bloc's 27 member states must approve, would ban buying Russian coal and prevent Russian ships from entering EU ports

Gold trading at Rs 52,140 per 10 gm today; silver selling at Rs 66,300 a kg

Ten gram of 24-carat gold in Chennai is trading at Rs 52,400, while ten grams of 22-carat gold in Chennai is trading at Rs 48,030.

Petrol, diesel prices hiked by 80 paise; total rise at Rs 9.20 per litre

This is the 13th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.

Industry body appeals to members not to hoard vegetable oil

In view of volatility in global oil markets due to Ukraine war, Solvent Extractors Association of India appealed to strictly adhere to stock limit prescribed under storage control order

Global coffee market to record 3.1-mn bag deficit in Oct-Sep season: ICO

Brazil continues to face issues with availability of shipping containers, though these have improved in recent weeks, the ICO said

Gold largely unchanged as Ukraine risks counter rising US Treasury yields

Gold held steady on Tuesday as safe-haven demand spurred by the possibility of new sanctions on Russia countered a rise in US Treasury yields and expectations of interest rate hikes by Federal Reserve

Oil and gas price hike supports upstream profitability of producers: Fitch

The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday

Gold prices ease on higher US yields, bets of bigger rate hikes

Spot gold XAU= was down 0.2% at $1,929.43 per ounce, as of 0933 GMT, trading in a narrow range

Gold prices slip as US dollar holds firm on safe-haven flows

Spot gold was down 0.2% at $1,929.31 per ounce by 0721 GMT. U.S. gold futures were up 0.1% at $1,935.50.

Gold trading at Rs 52,140 per 10 gm today; silver selling at Rs 66,600 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Petrol, diesel prices hiked by 40 paise; total increase now at Rs 8.40

Petrol in Delhi will now cost Rs 103.81 per litre as against Rs 103.41 previously

Gold steady as stronger dollar, yields counter Ukraine woes

A stronger dollar makes gold less attractive for other currency holders, while higher yields increase the opportunity cost of holding non-paying bullion

Gold prices slip as dollar, yields strengthen on robust US jobs data

A stronger dollar makes gold less attractive for other currency holders, while higher yields increase the opportunity cost of holding non-paying bullion.

Gold trading at Rs 52,460 per 10 gm today; silver selling at Rs 66,800 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.